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NIFTY PSU BANK

Nifty PSU Bank Outlook for the Week (Jan 02, 2023 – Jan 06, 2023)

Check Nifty PSU Bank Index Full Analysis At Unicorn Signals

Nifty PSU Bank Weekly Outlook and Analysis:

For the Week: (Jan 02, 2023 – Jan 06, 2023)

Nifty PSU Bank Outlook for the Week (Jan 02, 2023 – Jan 06, 2023)

Check Nifty PSU Bank Index Full Analysis At Unicorn Signals

NIFTY PSUBANK Index closed the week on positive note gaining 429.95 points 11.06%.              

Weekly High: 4,351.65

Weekly Low: 3,843.15

Weekly Close: 4,318.55

Weekly Support & Resistance For Nifty PSU Bank Index:

RESISTANCE 24,679                                      
RESISTANCE 14,499 
SUPPORT 13,990 
SUPPORT 23,662
Nifty PSU Bank Outlook for the Week (Jan 02, 2023 – Jan 06, 2023)

Technically on the daily charts we see minor support on the downside for NIFTY PSU BANKS index lies at 4150 levels, where as minor resistance on the upside is capped around 4450-4475 levels.

If NIFTY PSU BANKS index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 4000 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 4600.

Currently NIFTY PSU BANKS index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 4050 on downside and 4550 on upside.

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